This article summarises the legislative developments and the main investigations carried out during 2019 by the Portuguese Competition Authority (PCA).
The competition framework was introduced in Mozambique in 2013 and has, since then, been completed and complemented by a few legislative acts. Even though the new framework mirrors, to a large extent, EU and Portuguese competition law, it remains to be seen how its provisions will be interpreted and effectively implemented by the Competition Regulatory Authority. The first steps towards the operationalisation of the competition enforcer were taken in April 2020, when the Mozambican government appointed Mr Júlio João Pio as President of the Board of the Competition Regulatory Authority.
Last week Law No. 26/2020, of 21 July (Law 26/2020) was finally published, transposing into Portuguese legislation Council Directive (EU) 2018/822, of 25 May 2018 (DAC 6). DAC 6 foresees new mandatory disclosure rules regarding certain cross-border mechanisms based on objective characteristics (hallmarks).
On 7 July 2020, the Parliament passed Law 1/2020, setting forth tax incentive-related measures applicable to all taxpayers, resident and non-resident individuals and companies with tax debts towards the State of Equatorial Guinea.
Law no. 28/2020, of 22nd July, 2020, approved several amendments to the Personal Income Tax (“PIT”) Code. Among the several amendments, we highlight the following: • Taxable Base • Broadening of the taxable base to all rights, benefits and pecuniary or financial advantages earned by employees or service providers, work related and not included in […]
It has been undeniable for some time that technology will play a key role in the ongoing evolution of arbitration as the field becomes an increasingly popular method of dispute resolution. As far back as 2004 the ICC Commission on Arbitration was reporting on the subject, with a focus on a solution which we take […]
Nowhere near enough homes in the right places – just one of the failings of the current planning system according to the Prime Minister in his foreword to the new White Paper: Planning for the Future released on 6 August.
The Government has published its long-awaited white paper on planning reform, which seeks views on 24 proposals. In this legal insight we look at the key areas that have been targeted for reform.
As organisations collect more consumer data during COVID-19, how can they protect it? Peter Yapp gives his insights.
By Rob Humphries The Monetary Authority (Administrative Fines) (Amendment) Regulations, 2020 (the “Amendment Regulations”) came into force on 26 June 2020. The Amendment Regulations serve to amend Schedule 1 of the Monetary Authority (Administrative Fines) Regulations (2019 Revision) (the “Fines Regulations”) and extend the scope of the fines which may be levied by the Cayman […]
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Linklaters has tightened the belt on NQ salaries, mirroring similar decisions at Clifford Chance and Allen & Overy. The firm held long discussions before reaching the decision, which have now led to a reduction of its base compensation plus annual bonus from £100,000 to £90,000. The figure can become higher with extra bonuses, with the […]
The NHS’s Test & Trace programme has appointed Spire Healthcare’s former general counsel to help the NHS tackle Covid-19. Daniel Toner spent 15 years in-house within the healthcare sector, including 13 years as GC and company secretary of private hospital group Spire Healthcare. He twice won In-house Counsel of the Year at The Lawyer Awards […]
The total revenue generated by the world’s largest litigation practices rose last year despite several of the firms included in The Lawyer’s new ranking reporting a reduction in the overall proportion of fee income they generated from disputes. The total value of the disputes practices in this year’s Global Litigation 50 is $32.95bn, a rise […]
Kirkland & Ellis has lost its second partner in a matter of weeks, this time to US rival Gibson Dunn & Crutcher. The US firm has hired finance partner Ben Myers from the London outpost of the rival. He spent a number of years at Kirkland, where he had moved from the magic circle. As […]
Herbert Smith Freehills and Mayer Brown also publish stats.
DLA Piper has recruited long-standing Mayer Brown partner Jane Childs to its insurance and reinsurance disputes team. Childs, who was at Mayer Brown for 17 years and has been a partner since 2006, will head up DLA’s international team focused on financial lines insurance disputes. It sits within the firm’s wider insurance and reinsurance disputes […]